Question 1

How to Invest in Mirae Asset Ultra Short Duration Fund Direct   Growth?

Accepted Answer

You can easily invest in Mirae Asset Ultra Short Duration Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

Log on to your Groww account
Search for Mirae Asset Ultra Short Duration Fund Direct Growth from the search box
In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
Once you are done with that, you can start investing in Mirae Asset Ultra Short Duration Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

Question 2

What kind of returns does Mirae Asset Ultra Short Duration Fund Direct   Growth provide?

Accepted Answer

The Mirae Asset Ultra Short Duration Fund Direct Growth has been there from 08 Oct 2020 and the average annual returns provided by this fund is 7.30% since its inception.

Question 3

How much expense ratio is charged by Mirae Asset Ultra Short Duration Fund Direct   Growth?

Accepted Answer

The term Expense Ratio used for Mirae Asset Ultra Short Duration Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Mirae Asset Ultra Short Duration Fund Direct Growth is 0.21% as of 04 Dec 2023...

Question 4

What is the AUM of Mirae Asset Ultra Short Duration Fund Direct   Growth?

Accepted Answer

The AUM, short for Assets Under Management of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹522.18Cr as of 04 Dec 2023.

Question 5

How to Redeem Mirae Asset Ultra Short Duration Fund Direct   Growth?

Accepted Answer

If you want to sell your Mirae Asset Ultra Short Duration Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Question 6

Can I invest in SIP and Lump Sum of Mirae Asset Ultra Short Duration Fund Direct   Growth?

Accepted Answer

You can select either SIP or Lumpsum investment of Mirae Asset Ultra Short Duration Fund Direct Growth based on your investment objective and risk tolerance.

Question 7

What is the NAV of Mirae Asset Ultra Short Duration Fund Direct   Growth?

Accepted Answer

The NAV of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹1,171.15 as of 01 Dec 2023.

Question 8

What is the PE and PB ratio of Mirae Asset Ultra Short Duration Fund Direct   Growth?

Accepted Answer

The PE ratio ratio of Mirae Asset Ultra Short Duration Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

NAV: 01 Dec 2023	₹1,171.15
Min. SIP amount	₹1,000

	6M	1Y	3Y	All
Fund returns	NA	7.3%	5.2%	5.1%
Category average	NA	6.6%	4.8%	NA
Rank with in category	NA	10	13	NA

Name	Sector	Instrument	Assets
Embassy Office Parks REIT	Construction	Debenture	4.8%
Canara Bank	Financial	CD	4.7%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	3.8%
Reserve Bank of India	Financial	T-Bills	3.8%
HDFC Bank Ltd.	Financial	CD	2.9%
Bajaj Housing Finance Ltd.	Financial	FRB	2.9%
LIC Housing Finance Ltd.	Financial	Debenture	2.9%
ONGC Petro Additions Ltd.	Energy	NCD	2.8%
Small Industries Devp. Bank of India Ltd.	Financial	CP	2.8%
Indian Bank	Financial	CD	2.8%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rank (total assets)	#13 in India
Total AUM	₹1,02,127.67Cr

Mirae Asset Ultra Short Duration Fund Direct Growth

Return calculator

Returns and rankings

Holdings (44)

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.21%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Basant Bafna
Jan 2023 - Present
View details

Fund house & investment objective

Investment Objective

Fund house contact details

Compare funds

Rating	4
Fund size	₹522.18Cr

Mirae Asset Ultra Short Duration Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (44)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.21%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Basant BafnaJan 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Basant Bafna
Jan 2023 - Present
View details